THE BOEING CO.: WAVE ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 185.02 |
| Take Profit | 300.00, 335.00 |
| Stop Loss | 176.70 |
| Key Levels | 121.07, 149.25, 176.70, 300.00, 335.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 176.65 |
| Take Profit | 149.25, 121.07 |
| Stop Loss | 185.80 |
| Key Levels | 121.07, 149.25, 176.70, 300.00, 335.00 |
Growth is possible.
On the daily chart, the fifth wave of the higher level (5) of А ended, within which the wave 1 of (5) formed. Now, a downward correction has ended as the wave 2 of (5), within which the wave (c) of ii has formed, and the wave 3 of (5) has started. If the assumption is correct, the asset will grow to the area of 300.00–335.00. In this scenario, critical stop loss level is 176.70.
Main scenario
Long positions will become relevant above the level of 176.70 with the targets at 300.00–335.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 176.70 will let the asset go down to the area of 149.25–121.07.
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